New Oriental Education & Technology Group (New Oriental Education & Technology Group) Earnings Yield (Joel Greenblatt) %

: 4.70% (As of Nov. 2023)

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New Oriental Education & Technology Group's Enterprise Value for the quarter that ended in Nov. 2023 was $9,800 Mil. New Oriental Education & Technology Group's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was $460 Mil. New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 4.70%.

The historical rank and industry rank for New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

EDU' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14591.29 Med: 3.92 Max: 1903.03
Current: 4.19

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of New Oriental Education & Technology Group was 1903.03%. The lowest was -14591.29%. And the median was 3.92%.

EDU's Earnings Yield (Joel Greenblatt) % is ranked worse than
54.51% of 266 companies
in the Education industry
Industry Median: 5.22 vs EDU: 4.19

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. New Oriental Education & Technology Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

New Oriental Education & Technology Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Earnings Yield (Joel Greenblatt) %

3.00

2.86

2.42

85.47

10.80

New Oriental Education & Technology Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Earnings Yield (Joel Greenblatt) %																-16.72	-0.36	10.80	7.83	4.70

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Oriental Education & Technology Group Earnings Yield (Joel Greenblatt) % Distribution

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Earnings Yield (Joel Greenblatt) % falls into.

New Oriental Education & Technology Group Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

New Oriental Education & Technology Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	309.238	/	2862.20972
	=	10.80 %

New Oriental Education & Technology Group's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $460 Mil.

New Oriental Education & Technology Group (NYSE:EDU) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.

Be Aware

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

New Oriental Education & Technology Group Earnings Yield (Joel Greenblatt) % Related Terms

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New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

EDUN:Mexico 09901:Hong Kong 0K75:UK N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.